AcelRx Pharmaceuticals, Inc. Just Reported, And Analysts Assigned A US$6.40 Price Target [Yahoo! Finance News]
AcelRx Pharmaceuticals, Inc. (ACRX)
Last acelrx pharmaceuticals, inc. earnings: 3/16 07:35 am
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Source: Yahoo! Finance News
Shareholders in AcelRx Pharmaceuticals, Inc. NASDAQ:ACRX View our latest analysis for AcelRx Pharmaceuticals After the latest results, the four analysts covering AcelRx Pharmaceuticals are now predicting revenues of US$21.3m in 2020. If met, this would reflect a major 831% improvement in sales compared to the last 12 months. Per-share statutory losses are expected to see a sharp uptick, reaching US$0.54. Yet prior to the latest earnings, analysts had been forecasting revenues of US$28.5m and losses of US$0.59 per share in 2020. There's been a definite change in sentiment after these results, with analysts administering a to next year's revenue estimates, while at the same time substantially upgrading EPS. It's almost as though the business is forecast to reduce its focus on growth to enhance profitability. The consensus price target fell 5.9% to US$6.40, with the dip in revenue estimates clearly souring analyst sentiment, despite the forecast reduction in losses. That's not the only c
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